Research

How many active users are there in crypto, really?

Edmund Tong

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In this article, we provide a comprehensive overview of usage statistics for the most widely used protocols

These are the current top 25 dapps and blockchains based on the number of distinct daily active users.

Daily active users dashboard: https://tokenterminal.com/terminal/metrics/active-users

1. BNB Chain

BNB Chain dashboard: https://tokenterminal.com/terminal/projects/binance-smart-chain

Monthly average of daily active users (number of unique sender addresses):

  • Jan 2022: 1.17M
  • Jan 2023: 0.78M
  • YoY change: -33%

2. Ethereum

Ethereum dashboard: https://tokenterminal.com/terminal/projects/ethereum

Monthly average of daily active users (number of unique sender addresses):

  • Jan 2022: 365.8K
  • Jan 2023: 356.9K
  • YoY change: -2%

3. Polygon

Polygon dashboard: https://tokenterminal.com/terminal/projects/polygon

Monthly average of daily active users (number of unique sender addresses):

  • Jan 2022: 326.0K
  • Jan 2023: 453.2K
  • YoY change: +39%

4. Solana

Solana dashboard: https://tokenterminal.com/terminal/projects/solana

Monthly average of daily active users (number of unique first signer addresses):

  • Jan 2022: 261.7K
  • Jan 2023: 166.8K
  • YoY change: -36%

5. PancakeSwap

PancakeSwap dashboard: https://tokenterminal.com/terminal/projects/pancakeswap

Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):

  • Jan 2022: 346.7K
  • Jan 2023: 118.2K
  • YoY change: -66%

6. Optimism

Optimism dashboard: https://tokenterminal.com/terminal/projects/optimism

Monthly average of daily active users (number of unique sender addresses):

  • Jan 2022: 2.0K
  • Jan 2023: 55.9K
  • YoY change: +2,695%

7. Uniswap

Uniswap dashboard: https://tokenterminal.com/terminal/projects/uniswap

Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):

  • Jan 2022: 26.6K
  • Jan 2023: 49.1K
  • YoY change: +84%

8. OpenSea

OpenSea dashboard: https://tokenterminal.com/terminal/projects/opensea

Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):

  • Jan 2022: 66.0K
  • Jan 2023: 60.2K
  • YoY change: -9%

9. Arbitrum

Arbitrum dashboard: https://tokenterminal.com/terminal/projects/arbitrum

Monthly average of daily active users (number of unique sender addresses):

  • Jan 2022: 6.8K
  • Jan 2023: 49.6K
  • YoY change: +629%

10. Fantom

Fantom dashboard: https://tokenterminal.com/terminal/projects/fantom

Monthly average of daily active users (number of unique sender addresses):

  • Jan 2022: 75.4K
  • Jan 2023: 64.0K
  • YoY change: -15%

11. Avalanche C-Chain

Avalanche C-Chain dashboard: https://tokenterminal.com/terminal/projects/avalanche

Monthly average of daily active users (number of unique sender addresses):

  • Jan 2022: 87.4K
  • Jan 2023: 25.1K
  • YoY change: -71%

12. PoolTogether

PoolTogether dashboard: https://tokenterminal.com/terminal/projects/pooltogether

Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):

  • Jan 2022: 662
  • Jan 2023: 10.1K
  • YoY change: +1,426%

13. Stargate

Stargate dashboard: https://tokenterminal.com/terminal/projects/stargate

Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):

  • Jul 2022: 261
  • Jan 2023: 8.4K
  • Change over 6 months: +3,118%

14. Perpetual Protocol

Perpetual Protocol dashboard: https://tokenterminal.com/terminal/projects/perpetual-protocol

Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):

  • Jan 2022: 150
  • Jan 2023: 7.4K
  • YoY change: +4,833%

15. Blur

Blur dashboard: https://tokenterminal.com/terminal/projects/blur

Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):

  • Oct 2022: 2.2K
  • Jan 2023: 10.3K
  • QoQ change: +282%

16. Quix

Quix dashboard: https://tokenterminal.com/terminal/projects/quix

Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):

  • Jul 2022: 464
  • Jan 2023: 4.9K
  • Change over 6 months: +956%

17. Lens Protocol

Lens Protocol dashboard: https://tokenterminal.com/terminal/projects/lens

Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):

  • Jul 2022: 3.2K
  • Jan 2023: 5.4K
  • Change over 6 months: +69%

18. Zora

Zora dashboard: https://tokenterminal.com/terminal/projects/zora

Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):

  • Jan 2022: 21
  • Jan 2023: 3.2K
  • YoY change: +15,138%

19. Trader Joe

Trader Joe dashboard: https://tokenterminal.com/terminal/projects/trader-joe

Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):

  • Jan 2022: 26.4K
  • Jan 2023: 2.8K
  • YoY change: -89%

20. Synthetix

Synthetix dashboard: https://tokenterminal.com/terminal/projects/synthetix

Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):

  • Jan 2022: 80
  • Jan 2023: 3.7K
  • YoY change: +4,525%

21. StarkNet

StarkNet dashboard: https://tokenterminal.com/terminal/projects/starknet

Monthly average of daily active users (number of unique sender addresses):

  • Jan 2022: 141
  • Jan 2023: 4.6K
  • YoY change: +3,162%

22. Aave

Aave dashboard: https://tokenterminal.com/terminal/projects/aave

Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):

  • Jan 2022: 4.2K
  • Jan 2023: 5.1K
  • YoY change: +21%

23. SushiSwap

SushiSwap dashboard: https://tokenterminal.com/terminal/projects/sushiswap

Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):

  • Jan 2022: 13.0K
  • Jan 2023: 3.1K
  • YoY change: -76%

24. SpookySwap

SpookySwap dashboard: https://tokenterminal.com/terminal/projects/spookyswap

Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):

  • Jan 2022: 21.1K
  • Jan 2023: 2.4K
  • YoY change: -89%

25. ApeSwap

ApeSwap dashboard: https://tokenterminal.com/terminal/projects/apeswap

Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):

  • Jan 2022: 6.9K
  • Jan 2023: 2.6K
  • YoY change: -62%

Methodology:

  • It is important to note that the composition chart (below) may show higher values than the aggregate daily active users chart (above).
  • The discrepancy is a result of different methodologies being used in the two charts.
  • Using Aave as an example, a single address may be both a depositor and a borrower during the same day.
  • In the aggregate chart this user is recorded as 1 distinct user, whereas in the composition chart the same address is counted as 2 distinct users.

Daily active users dashboard: https://tokenterminal.com/terminal/metrics/active-users

Thank you for reading! All of the data presented in this article can be found for free on Token Terminal.


The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating or are invested in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Token Terminal does not recommend any particular course of action in relation to any token or protocol. The content herein is meant purely for educational and informational purposes only, and should not be relied upon as financial, investment, legal, tax or any other professional or other advice. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.

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